Niall Ferguson: Why Paul Krugman should never be taken seriously again

Nobel Laureate Paul Krugman gets honorary degree and advises Portugal

by Niall Ferguson, 13 October 2013

It’s an ill wind that blows no one any good. The financial crisis that came to a head five years ago with the failure of Lehman Brothers has been especially beneficial to the economist Paul Krugman. In his widely read New York Times column and blog, Krugman regularly boasts that he has been ‘right’ about the crisis and its consequences. As he wrote in June last year: